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Gay, David M. - 2022

Various quasi-Newton methods periodically add a symmetric "correction" matrix of rank at most 2 to a matrix approximating some quantity A of interest (such as the Hessian of an objective function). In this paper we examine several ways to express a symmetric rank 2 matrix [delta] as the sum of...

Persistent link: https://www.econbiz.de/10013322335

The Sad Truth About Happiness Scales : Empirical Results

Bond, Timothy - 2018

We replicate nine key results from the happiness literature: the Easterlin Paradox, the ‘U-shaped' relation between happiness and age, the happiness trade-off between inflation and unemployment, cross-country comparisons of happiness, the impact of the Moving to Opportunity program on...

Persistent link: https://www.econbiz.de/10012914253

A Revealed Preference Ranking of U.S. Colleges and Universities

Avery, Christopher; Glickman, Mark E.; Hoxby, Caroline M.; … - 2006

We show how to construct a ranking of U.S. undergraduate programs based on students' revealed preferences. We construct … extends models used for ranking players in tournaments, such as chess or tennis. When a student makes his matriculation … the information contained in thousands of these wins and losses. Our method produces a ranking that would be difficult for …

Persistent link: https://www.econbiz.de/10014069303

A Revealed Preference Ranking of U.S. Colleges and Universities

Avery, Christopher - 2010

Persistent link: https://www.econbiz.de/10013141242

When Does Funding Research by Smaller Firms Bear Fruit? : Evidence from the Sbir Program

Gans, Joshua S.; Stern, Scott - 2022

This paper evaluates whether the relative concentration of funding for small, research-oriented firms in a small number of high-tech industries is related to the differences across industries in the level of appropriability or capital constraints facing small firms. To do so, we exploit a novel...

Persistent link: https://www.econbiz.de/10013293706

What Does Equity Sector Orderflow Tell Us About the Economy?

Beber, Alessandro - 2010

Investors rebalance their portfolios as their views about expected returns and risk change. We use empirical measures of portfolio rebalancing to back out investors' views, specifically their views about the state of the economy. We show that aggregate portfolio rebalancing across equity sectors...

Persistent link: https://www.econbiz.de/10013135882

Exchange Rates and Local Labor Markets

Goldberg, Linda S. - 2010

We document the consequences of real exchange rate movements for the employment, hours, and hourly earnings of workers in manufacturing industries across individual states. Exchange rates have statistically significant wage and employment implications in these local labor markets. The importance...

Persistent link: https://www.econbiz.de/10013137198

Matching and Sorting in a Global Economy

Grossman, Gene M. - 2013

We develop a neoclassical trade model with heterogeneous factors of production. We consider a world with two factors, labor and "managers", each with a distribution of ability levels. Production combines a manager of some type with a group of workers. The output of a unit depends on the types of...

Persistent link: https://www.econbiz.de/10013074651

Company Stock Reactions to the 2016 Election Shock : Trump, Taxes and Trade

Wagner, Alexander F. - 2017

The election of Donald J. Trump as the 45th President of the United States of America on 11/8/2016 came as a surprise. Markets responded swiftly and decisively. This note investigates both the initial stock market reaction to the election, and the longer-term reaction through the end of 2016. We...

Persistent link: https://www.econbiz.de/10012963175

Reconciling Models of Diffusion and Innovation : A Theory of the Productivity Distribution and Technology Frontier

Benhabib, Jess - 2017

We study how innovation and technology diffusion interact to endogenously determine the shape of the productivity distribution and generate aggregate growth. We model firms that choose to innovate, adopt technology, or produce with their existing technology. Costly adoption creates a spread...

Persistent link: https://www.econbiz.de/10012964404